According to the recent study the thermoplastic composites market is projected to reach an estimated $26 billion by 2030 from $19 billion in 2023 at a CAGR of 4% 2023 to 2030. Growth in this market is primarily driven by growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Browse 124 figures/charts
and 85 tables in this 260-page report to understand trends, opportunities and
forecast in thermoplastic composites market by end use (transportation,
consumer goods, construction, industrial, and others), material type (SFT, LFT,
GMT, and CFT), reinforcement type (glass fiber, and carbon fiber and other),
resin type (PP, PA, PBT, others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel forecasts that
transportation by end use will remain the largest end use segment over the
forecast period due to increasing demand for lightweight materials
SFT thermoplastic
composites will remain the largest segment by material over the forecast period
due to its wide usage in injection molding part fabrication.
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thermoplastic composites market
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period due to growing demand for lightweight and environmentally sustainable
composite materials from the end use industries.
Tencate Advanced Composites, Cytec Solvay Group, Celanese, SABIC,
BASF SE, DSM, DuPont, LANXESS/Bond
Laminates, Hanwha Corporation, and RTP Company are the major supplier in the thermoplastic
composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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